Industry Trends: Industrial’s New Door for Deals

BLT Enterprises owns a 221,660-square-foot property in Vista, CA, which sports sculptured concrete and reflective glass, a stylish canopy entry and a stunning two-story glass-clad lobby. The company is planning to reposition it but into what? Without a doubt the building is corporate headquarters quality—which in this market makes it a perfect candidate for a conversion into a modern distribution facility or possibly a mixed-use retail project. Indeed, its key selling points include flexible zoning to accommodate a variety of industrial and R&D uses and an unpaved 3.7-acre parcel that can be used to increase parking spaces. “This is what today’s industrial users want,” says Bernard Huberman, founder and president of BLT Enterprises.

Redevelopment of antiquated space into modern industrial facilities is increasing all over as the call for well-amenitized industrial space continues to rise, Huberman explains. “The real estate industry has to provide this space in order to keep pace with demand caused by consumer behavioral shifts and technological advances that are shaping the sector.”